Perdoceo Education (NASDAQ:PRDO) Issues FY 2021 Earnings Guidance

Perdoceo Education (NASDAQ:PRDO) issued an update on its FY 2021 earnings guidance on Thursday morning. The company provided EPS guidance of $1.600-$1.630 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.600. The company issued revenue guidance of -.Perdoceo Education also updated its Q4 2021 guidance to $0.300-$0.330 EPS.

Shares of NASDAQ PRDO traded up $0.08 during mid-day trading on Thursday, reaching $10.46. The company’s stock had a trading volume of 451,124 shares, compared to its average volume of 456,128. The stock has a 50-day moving average of $10.68 and a two-hundred day moving average of $11.41. The stock has a market capitalization of $733.31 million, a P/E ratio of 6.66, a P/E/G ratio of 0.42 and a beta of 1.18. Perdoceo Education has a 1-year low of $10.22 and a 1-year high of $14.05.

Perdoceo Education (NASDAQ:PRDO) last issued its earnings results on Thursday, November 4th. The company reported $0.45 EPS for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.07. The business had revenue of $174.00 million during the quarter, compared to analysts’ expectations of $170.99 million. Perdoceo Education had a net margin of 15.93% and a return on equity of 20.11%. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.35 earnings per share. As a group, equities analysts predict that Perdoceo Education will post 1.61 EPS for the current fiscal year.

Several research firms recently issued reports on PRDO. Zacks Investment Research upgraded shares of Perdoceo Education from a hold rating to a buy rating and set a $12.00 price objective for the company in a research report on Tuesday, November 16th. TheStreet cut shares of Perdoceo Education from a b- rating to a c rating in a research report on Monday, August 9th. Finally, Barrington Research restated a buy rating and set a $20.00 price objective on shares of Perdoceo Education in a research report on Thursday, September 16th.

In other Perdoceo Education news, SVP John Robert Kline sold 30,000 shares of the stock in a transaction dated Tuesday, November 9th. The shares were sold at an average price of $10.43, for a total transaction of $312,900.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.55% of the stock is currently owned by company insiders.

A number of hedge funds have recently made changes to their positions in PRDO. Morgan Stanley boosted its stake in Perdoceo Education by 0.7% during the second quarter. Morgan Stanley now owns 430,595 shares of the company’s stock worth $5,283,000 after buying an additional 2,889 shares during the period. Royal Bank of Canada boosted its stake in Perdoceo Education by 127.2% during the third quarter. Royal Bank of Canada now owns 10,948 shares of the company’s stock worth $115,000 after buying an additional 6,130 shares during the period. Finally, Millennium Management LLC purchased a new position in Perdoceo Education during the third quarter worth about $1,243,000. 87.66% of the stock is owned by institutional investors.

Perdoceo Education Company Profile

Perdoceo Education Corp. engages in the provision of educational services. It operates through the following segments: Colorado Technical University (CTU) and American InterContinental University (AIU). The CTU segment offers academic programs in the disciplines of business studies, nursing, computer science, engineering, information systems and technology, cybersecurity and healthcare management.

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